To dispose of the unwanted surplus resulting from agricultural price floors,the European Union pays exporters to sell products at a loss overseas.

Question

Quizplus · Accepted Answer

This is known as export subsidies and is a common practice by the EU to dispose of surplus agricultural products resulting from price floors. The subsidies help make the products more competitive in overseas markets and help farmers maintain their income despite the surplus.

To Dispose of the Unwanted Surplus Resulting from Agricultural Price